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ARTICLE · 24 JUNE 2020

Responsiveness, Resilience And Regulatory Flexibility

Guernsey is the first place in the British Isles to have been declared COVID-19 free and, as of this weekend, has lifted its internal restrictions on everyday life.

GuernseyFinance and Banking

Guernsey is the first place in the British Isles to have been declared COVID-19 free and, as of this weekend, has lifted its internal restrictions on everyday life. 

Notwithstanding an island-wide lockdown for more than two months, business in the island's financial services community has continued to function almost seamlessly. Most firms were well equipped to deal with the need to work from home from a technology and management systems perspective, having increasingly recognised the benefits of flexible working in recent years. Ogier in particular has long embraced the idea of flexible working and their team members being technology savvy.

To maintain no or low levels of infection in the island, Guernsey will need to maintain controls on travel to and from the island. Certain measures have been taken in the financial services industry to reflect this, including a relaxation of certain aspects of Guernsey's economic substance requirements for the time being. The

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